Vice President, Investment Accounting Policy

VP, Investment Accounting Policy

The VP, Investments Accounting Policy role will be a forward-thinking subject matter expert who actively leverages emerging technologies in technical accounting research and application with respect to the organization’s complex investment portfolio under both U.S. GAAP and U.S. Statutory accounting requirements.

This position will lead the technical research with respect to:

• The consolidation assessment of complex investment transaction structures under the variable interest entity and voting models;
• The accounting for strategic new investment vehicles including based on the equity method, Fair Value Option (“FVO”) and/or accounting for underlying assets based on the fixed maturity, equity interest or loan models, including consideration of beneficial interests;
• Financing, derivatives, including those related to insurance products and embedded derivatives in the reinsurance contracts, as well hedge accounting, securities lending transactions and other unique transactions.

The VP, Investments Accounting Policy role will be required to collaborate across function, with a basic understanding of how our investment portfolio supports the insurance liabilities, to ensure that the related accounting policy adheres to U.S. GAAP, U.S. Statutory and Bermuda accounting frameworks, as well as capital requirements. This role reports to the SVP, Head of Accounting Policy.

What You Will Do:

• Serve as the technical specialist for complex investment asset classes and structures under the requirements of U.S. GAAP and U.S. Statutory accounting with specific expertise in ASC 810 Consolidation, ASC 815 Derivatives and Hedging, ASC 323 Equity Method and Joint Ventures, ASC 860 Transfers and Servicing of Financial Assets.
• Main point of contact for the investment office for complex transactions and structures for investments within these complex strategic asset classes, defining the related accounting and collaboration with the financial reporting team regarding operational set up for these to ensure execution of t